Tag Archives: MCP
A.M. Look 1/30/12
We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading
XLE…MCP…Aussie
We’re adding…. BUYING MCP and XLE @ the market. XLE…70.65 stop close… MCP…29.80 stop close… Aussie just double bottomed at 105.91.. Keep your eye on this level for a general risk barometer today. Resistance is now 107-107.22 AUD/USD
MCP
This is a good late day hold for Molycorp… The low was the old high and now the 50 day mvg avg. This will be a pivotal level tomorrow ( 29.90-30.10) with the Chinese coming back into the Copper market … Continue reading
Risk Trades…MCP…Aussie Dollar
Resistance in the Aussie is definable…107-107.22 AUD/USD …Long Aussie = Long Equities… Shorter Term traders should be trying the short side of the Aussie here with a tight stop. MCP.. a close above 30.45 is needed for an ORH week…this … Continue reading
A.M. Look 1/26/12
Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading
MCP…Molycorp
Molycorp held 28.22. The Numbers have not changed here. Yesterday the high and low of the Spu’s lined up with the MCP technical levels. Keep your eye on this! I like today’s low…The upside break out is a close over … Continue reading
Pattern Alert…SPU’s…S&P 500…MCP
The only # that really matters now is 1272.70 Spu Pit session. A close below this level would put in an interim top in all risk assets with a ORL ( outside reversal Lower day) It remains to be seen … Continue reading
Pattern Alert…MCP
You have a potential weekly double top in Molycorp @ 30.20 Since we occasionally use this as a surrogate trade for Copper, it should be monitored for general Risk bias. Strong Copper prices are indicative of general “Risk On” demand. … Continue reading
A.M. Look 1/13/12
Oil…100.55 close now becomes a similar level to 105-105.31 All new closing strength is needed over these levels for new upside. Brent shows the same pattern with new closing strength back over 112.20 needed. Short term sell stops are 98.30 … Continue reading